JOURNAL ARTICLE

Bills, Dolphins Sell 10% of Team to Private Equity in NFL First.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Williams, Randall 3 of 3

Abstract

The NFL has allowed private equity firms to purchase small stakes in teams for the first time, with two 10% stakes being sold to Ares Management for the Miami Dolphins and Arctos Partners for the Buffalo Bills. This move aims to increase franchise valuations and provide funding for major projects like stadium renovations. The sale of team stakes can also help owners reduce estate taxes and pass their teams to family members. Additionally, private equity investors will be able to buy stakes in up to six teams at once, with more deals expected in the future. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/12, pN.PAG
  • Document Type:Article
  • Subject Area:Sports and Leisure
  • Publication Date:2024
  • Accession Number:181578116
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